Creative Planning Grows Position in Power Integrations, Inc. (NASDAQ:POWI)

Creative Planning raised its position in Power Integrations, Inc. (NASDAQ:POWI) by 58.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,459 shares of the semiconductor company’s stock after acquiring an additional 4,601 shares during the quarter. Creative Planning’s holdings in Power Integrations were worth $874,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Congress Asset Management Co. MA lifted its position in shares of Power Integrations by 9.0% during the 4th quarter. Congress Asset Management Co. MA now owns 424,682 shares of the semiconductor company’s stock worth $34,871,000 after purchasing an additional 35,037 shares during the last quarter. Fisher Asset Management LLC boosted its position in shares of Power Integrations by 1.3% during the 4th quarter. Fisher Asset Management LLC now owns 70,294 shares of the semiconductor company’s stock worth $5,772,000 after acquiring an additional 918 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Power Integrations by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 6,423,530 shares of the semiconductor company’s stock valued at $527,436,000 after acquiring an additional 21,139 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Power Integrations by 8.1% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 52,736 shares of the semiconductor company’s stock worth $4,330,000 after acquiring an additional 3,933 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Power Integrations by 3.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,385 shares of the semiconductor company’s stock worth $606,000 after purchasing an additional 231 shares during the last quarter.

Power Integrations Stock Up 2.2 %

POWI opened at $63.78 on Friday. Power Integrations, Inc. has a 52 week low of $56.63 and a 52 week high of $89.68. The business has a 50 day moving average price of $62.40 and a two-hundred day moving average price of $68.66. The company has a market cap of $3.62 billion, a PE ratio of 85.04, a P/E/G ratio of 5.08 and a beta of 1.10.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings results on Tuesday, August 6th. The semiconductor company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.26 by $0.02. Power Integrations had a return on equity of 4.86% and a net margin of 10.38%. The business had revenue of $106.20 million during the quarter, compared to analysts’ expectations of $105.02 million. During the same quarter in the prior year, the business earned $0.27 earnings per share. The company’s quarterly revenue was down 13.8% compared to the same quarter last year. As a group, sell-side analysts expect that Power Integrations, Inc. will post 0.59 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 30th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, August 30th. This represents a $0.80 annualized dividend and a yield of 1.25%. Power Integrations’s dividend payout ratio is currently 106.67%.

Insider Activity at Power Integrations

In other Power Integrations news, VP Sunil Gupta sold 2,127 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $65.90, for a total transaction of $140,169.30. Following the transaction, the vice president now owns 51,899 shares in the company, valued at approximately $3,420,144.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on POWI shares. Northland Securities raised shares of Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a report on Monday, August 12th. TD Cowen reduced their price target on shares of Power Integrations from $80.00 to $70.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Benchmark reaffirmed a “buy” rating and set a $78.00 price objective on shares of Power Integrations in a report on Wednesday, September 11th. StockNews.com downgraded Power Integrations from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Northland Capmk upgraded Power Integrations from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $78.50.

About Power Integrations

Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.